South Adams Savings is a mutual savings bank headquartered in Adams, Massachusetts.  The bank was founded in 1869 and has four bank locations in the region of Berkshire County including bank offices in Adams, Cheshire, Williamstown and Lee.  South Adams Savings Bank is a mutual savings bank and is a member of the FDIC insurance fund as well as the Depositors Insurance Fund.

South Adams Savings offers a full range of products and services for consumers and businesses.  Consumer bank products and services offered by the bank include mortgage loans, home equity loans, auto loans, online banking, savings accounts, free checking accounts, certificates of deposit, IRAs, money market accounts, competitive CD rates in Massachusetts and more.

Bank CDs at South Adams Savings have a variety of maturities ranging from three months to 5 years, are automatically renewed, have the option to be held in passbook or statement formats, the bank CD interest is compounded daily, all earned interest can be withdrawn any time after it is posted and additional funds may be added at the maturity of the CDs.  There is a minimum required deposit to open the bank CDs of $1,000.00.

Current CD rates in Massachusetts promoted by South Adams Savings include the following terms and interest rates:

3 month CD rate is at 1.00%
6 month CD interest rate 1.35%
12 month bank CD rate is 1.40%
18 month CD rate is 1.60%
24 month CD bank rate is 2.00%
36 month bank CD rate 2.50%
48 month CD interest rate is at 3.00%
60 month CD rate is 3.10%

The bank is also running a CD special for a short term, 7 day certificate of deposit that has a yield of 1.50% and has a slightly higher minimum deposit than the standard bank CDs of $2,500.00.

As with most bank CDs there is a penalty for early withdrawal of principal before maturity.  MA CD rates and Bank rates promoted by South Adams Savings are subject to change at the bank’s discretion and additional conditions may apply.  For timelier CD rate information as well as additional account details, South Adams Savings can be reached directly at 413-743-0040.

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